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In what will be viewed as a watershed event in the business of cricket, two corporate giants – RP Sanjiv Goenka Group (RPSG) and CVC Capital Partners (Irelia Company Pte Ltd) – have offered a stunning sum of money, ranging over USD 1.6 billion, to acquire the two new IPL franchises. On Monday, during a walk-in bidding event in Dubai, … Read more
Two new IPL teams were unveiled on Monday, with Kolkata businessman Sanjiv Goenka’s RP-SG Group scooping up the Lucknow franchise for a whopping Rs 7090 crore and international equity investment firm CVC Capital snatching up Ahmedabad for an eye-popping Rs 5600 crore. The BCCI expected a windfall of around Rs 10,000 crore from the two new teams that will participate … Read more
ESPNcricinfo reports that the existing IPL teams can keep two Indian cricketers and two foreign cricketers, or three Indian cricketers and one overseas cricketer. At the auction, there will also be no “right-to-match” cards. According to ESPNcricinfo, the three Indians players might be capped, uncapped, or a combination of the two. The 2019 IPL auction’s purse is expected to be … Read more
With its recent USD 12.7 thousand crore windfall, the BCCI should use some of its funds to start an Indian Premier League (IPL) exclusively for women in the near future. International private equity investment firm Irelia Company Pte Limited (CVC Capital) and Indian business tycoon Sanjiv Goenka of the RPG group spent 12,715 crore ($1.7 billion) to win the bids … Read more
As he doesn’t anticipate to be retained by SunRisers Hyderabad in time for the 2022 season, Australian opener David Warner will return to the IPL auction pool. For the remaining six games of the 2021 season in the United Arab Emirates, Warner, who guided Sunrisers to their first title in 2016, was omitted. During the IPL’s India leg, he had … Read more
Mumbai Indians are set to re-enter the IPL auction pool for colourful all-rounder Hardik Pandya, since the five-time winners are more or less satisfied with the players on their retention list for the 2022 season. With the IPL poised to expand to ten teams after RP-SG and CVC purchased the Pune and Ahmedabad franchises, there will be a significant auction … Read more